REpower records growth in sales and earnings for HY1 2009/10

  • Total performance rose to EUR 617.0 million
  • EBIT at EUR 31.3 million

Hamburg: In the period 1 April to 30 September 2009, the REpower Systems Group (Prime Standard, WKN 617703) generated total performance of EUR 617.0 million according to provisional calculations, compared to EUR 531.1 million in the corresponding period of the previous year from 1 April to 30 September 2008. The operating result (EBIT) improved from EUR 22.7 million to EUR 31.3 million.

In the reporting period from 1 April to 30 September 2009, total operating performance reached EUR 617.0 million (compared to EUR 531.1 million in the previous year). Sales also grew by 15% year-on-year, from EUR 529.9 million to EUR 609.7 million.

Earnings before interest and tax (EBIT) for the reporting period 1 April to 30 September 2009 amounted to EUR 31.3 million in comparison with EUR 22.7 million for the same period of the previous year. This represents an increase of 38%.

By the end of September 2009, the order book contained a contractually assured order volume totalling EUR 1.6 billion.

Most recently, REpower had held out the prospect of a sales volume of EUR 1.4 billion as well as an EBIT margin of 7.5% for the entire fiscal year. The executive board is keeping to these targets but emphasizes that uncertainty with regard to the achievement of these objectives has risen strongly due to an increasing amount of project postponements on the customer side in the second quarter. Furthermore, the expected recovery of the US wind market, which was anticipated by the market participants in the course of 2009, up to now failed to materialize.

Publication of the final results and the complete half year report is expected for 12 November 2009.